Exam (elaborations)
Capsim Exam Verified Study Questions And Answers
- Course
- Institution
Capsim Exam Verified Study Questions And Answers
[Show more]
Content preview
Capsim Exam Verified Study QuestionsAnd Answers
What does your company manufacture? CORRECT ANSWERS Sensors
How was your company created? CORRECT ANSWERS It was created when the
government split a monopoly into identical competitors.
What is FastTrack? What does it include? CORRECT ANSWERS It is an extensive
year-end report of the sensor industry.
It includes customer buying patterns, product positioning, public financial records and
other info that will help you get ahead.
What is a Customer Survey Score? CORRECT ANSWERS It is a rating that can
determine sales distribution.
(Higher scores = better sales)
What is Situation Analysis? CORRECT ANSWERS It enables you to understand current
market conditions and how the industry will evolve in the next few years. (Assists with
operational planning)
What are Proformas? How will they help you? CORRECT ANSWERS They are
projections for the upcoming year.
They will help you envision the impacts of your pending decisions and sales forecasts.
What are annual reports? How will they help you? CORRECT ANSWERS They are
results from the previous year.
They will help you analyze last year's results.
What is Foundation Spreadsheet? CORRECT ANSWERS It's the nerve center of your
company where you formulate and finalize management decisions for every
department.
What are the four departments? CORRECT ANSWERS -R&D
-Marketing
-Production
-Finance
What is Research and Development? CORRECT ANSWERS They design your product
line. They invent and revise products that appeal to your customers changing needs.
, -Changes size and performance on the Perceptual Map.
What is Marketing? CORRECT ANSWERS They price and promote your products. Also
responsible for sale forecasts.
What is Production? CORRECT ANSWERS They determine how many units will be
manufactured during the year. They are also responsible for buying and selling
production lines.
What is Finance? CORRECT ANSWERS Makes sure your company has financial
resources (i.e. bonds, stock issues)
Inter-Department Coordination: R&D + Marketing CORRECT ANSWERS Work together
to make sure products meet customer expectations.
Inter-Department Coordination: R&D + Production CORRECT ANSWERS Work
together to ensure assembly lines are purchased for new products. (If production
discontinues a product, it should notify R&D)
Inter-Department Coordination: Marketing and Production CORRECT ANSWERS Work
together to make sure manufacturing quantities are in line with forecasts.
Inter-Department Coordination: Marketing + Finance CORRECT ANSWERS Work
together to project revenues for each product and to set the Accounts Receivable
policy.
Accounts Receivable Policy CORRECT ANSWERS The amount of time customers can
take to pay for their purchases.
Inter-Department Coordination: Finance and Production CORRECT ANSWERS
Production tells Finance if they need additional equipment.
What is a Decision Audit? How does it help you? CORRECT ANSWERS It is a
complete trail of all team decisions.
It helps you identify your decision making strengths and weaknesses.
Successful managers will: CORRECT ANSWERS -Analyze the market and its
competing products.
-Create and execute a strategy.
-Coordinate company activities.
What does the Industry Conditions Report do? CORRECT ANSWERS It lists market
segment sales percentages and projected growth rates unique to your simulation.
What are the four basic buying criteria? CORRECT ANSWERS -Price
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ElevatedExcellence. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79373 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now